21st October, 2008
First and largest Securities Depository in India Inaugurated on November 8, 1996 Promoted by IDBI, UTI, NSE Governed by the Depositories Act 1996, SEBI Regulations & NSDL Bye laws and Business Rules
NSDL – Case Studies
Major Projects Implemented
Capital Market Income Tax Administration New Pension Scheme of GOI
1. Capital Market
• Established Central Depository for Securities • Transformed Settlement infrastructure of Indian Capital Market from one of the worst in the world to one of the best.
– From title based on Paper Securities to Securities in Electronic Form (dematerialization) – One Single Account of investor holding all his securities – From Paper Based Title Transfer to Electronic Title Transfer
Depository - Highlights
• Managing large database and Centralised Recordkeeping More than 95 Lakh demat accounts Value of securities held NSDL Data centre – around Rs. 32,00,000 Cr. • • Wide network 7,900 Service centers across 900 locations Volume Handling Average messages handled – around 2 million/ day Average value of transactions - about Rs. 5000 Cr. /day • Wide range of Financial instruments in electronic (demat) form Shares, Debentures, Bonds, Commercial papers, warehouse receipts, CDs, PTCs.
Depository - Impact
Parameter Settlement Bad Delivery Litigation Transaction Cost Peak Trading Before Demat Once in 2 Weeks
After Demat Once in 2 days NO Bad Delivery Low Lowest 20000 Cr/Day
High High 600 Cr/Day
Elec tronic link
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Banks - DP
Custodian - DP
INVESTOR BROKER/ CM
2. Tax Information Network-TIN
• An initiative by Income Tax Department for modernisation processing, of direct tax and collection, accounting
using information technology.... [continues]
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